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right now, a shudder comes with it because of what happened at sandy hook. what do we actually know about what happened here? >> we're learning, actually, a little more. police officers just briefed us in the last hour or so. what they're telling us is that the 16-year-old shooter actually planned this, began the planning of it last night. he took the shotgun from his home, the home he's living it. it belongs to his brother, his 19-year-old brother, and the atf now tracking the registration. he then got the rounds. he went to bed, knew he was going to go in late. he went into his classroom, directly to those two boys who he says he tells police, were bullying him, and he aimed at both of them, striking one of them. i want to show you now a picture of the teacher in that classroom because what stopped it? it was this man. this teacher, what he did in addition to the counselor at the school, they convinced the boy to put down the gun, and that, piers, is what ended all of this. >> do we thinke had a very specific set of targets or was he stopped from being more indiscriminate? >> very
chow in his cell. >>> superstorm sandy is something that nobody wants to relive. and if an elaborate $20 billion plan is put into effect. no one may ever have to. ...and down. just use your maxperks card and get a case of x-9 paper for only 1-cent after maxperks rewards. find thousands of big deals now... ...at officemax. >>> president barack obama signed into law on sunday, a $9.7 superstorm sandy aid package. the clean-up from superstorm sandy labors on across the northeast. part of that include as plan to prevent the next flooding disaster. one idea? a $20 billion system of barriers, here's cnn's david mattingly. when superstorm sandy hit breezy point, new york, ocean waves crashed on to city streets and brought houses off their foundations. the only option residents had was to head to higher ground. >> they were sitting ducks. there was nothing they could do except run. >> how high was the water right here? >> the water would be probably six feet above our heads. >> six feet? >> above our heads. 12 feet, say. >> malcolm bowlman is the an expert on the dangers of a storm surge hit
understand why they have this thing for this in the hurricane relief. -- this thing for the sandy hurricane relief. i almost fell out of my chair when i saw all the earmarks. excuse me? you expect me to pay $64 billion to go to connecticut and new jersey. $40 billion of it is earmarked. lop that off and give them the rest. i would like to know every member of congress that put those in there. i was so angry. host: you can watch it when the house dabbles -- gavels in in about 2.5 hours. this, from our twitter page. this is on our facebook page. we are watching the debate in the senate on the filibuster rule. there's a story available online at thehill.com. they say it should require them to hold the floor and debate if they want to block legislation. carl levin favors a more modest reform and has recruited republicans to negotiate a solution. junior democrats say unless lawmakers are required to sustain life floor debates, the chamber will remain. blocked most of the time. harry reid addressed that on the floor yesterday. [video clip] >> we have been occupied with other matters, including th
obama signed into law the first of the sandy relief bills, to provide $9.7 billion in flood insurance funds to victims of super storm sandy. congress passed the bill on friday. the house has to vote on two other measures to provide $60 billion in aid. >> the second amendment -- it's about freedom. the first amendment's about freedom. the fourth amendment's about freedom i. have you bone the law and committed a violent act, should you be able to buy a semi-automatic handweapon. >> you shouldn't have a conceal and carry. >> if this is any indication of what lies ahead, it's going to be a problem. >> just a little taste of the spirited example we saw on fox news sunday. yeah, it really was. if you look at the guests, this morning, and the way they were going at each other over the debt ceiling debate and over spending versus raising revenue, it gives you a real indication of how the debate's going to go the next six to eight weeks. they both had strident positions and none seemed to want to budge. you talk to senator ted cruz who thinks there is too much compromise in washington. if neit
focus." >> susie: an update tonight on the cost of hurricane sandy. fitch ratings says the super storm has so far caused as much as $17 billion in reported losses. by the time the recovery is over, fitch expects sandy's cost to top $20 billion. new jersey is one of the states hit hardest, and, today, governor chris christie talked about the storm's toll on his state's economy. >> there's no question that sandy hit us hard. there's also no question that we're fighting back with everything we've got. sandy took a toll on new jersey's economy just when we were coming back from a national recession. sandy disrupted our economic life. cars weren't bought, homes weren't sold and factories couldn't produce. from those things, we can catch up, and we are catching up. make no mistake-- as common sense would tell you, sandy hurt new jersey's economy. >> susie: christie today pledged to devote the final year of his first term in office to rebuilding and reinvigorating areas of the state devastated by hurricane sandy. >> tom: as the drama over the fiscal cliff played out in washington, car racing
because the ma major work of helping th victims much sandy is still ahead of us. bit more from e senator schumer yesterday talking about votes taken or lack of vote by paul ryan on the house bill and getting his comments. [video clip] >> flood insurance is an obligation of the federal government. in other words, people who pay flood insurance have paid hundreds and sometimes thousands of dollars a year and in return the federal government says if you are flooded we will reimburse you for the damage you suffer. so i don't understand why anyone would not want to vote for that provision. i haven't heard congressman ryan's reasoning. >> [inaudible]? >> that is just terribly harsh to a homeowner who lost his home. should they sit around and wait two years and lose their lives until we reform the promise? in is nothing wrong reforming the program but to hold the homeowners who desperately need this money and have paid in for this money as almost hostage to reform? that is unconscionable. that is wrong. and i would hope congressman ryan would reconsider. host: senator schumer from yesterday. yo
the nation's biggest source of greenhouse gas pollution which is our power plants. hurricane sandy wasn't caused by climate change but made worse by climate change. the surge here in new york was higher because the oceans are higher. the winds of the hurricane were speedier because the oceans are warmer. so we've got to attack power plants and reduce the carbon pollution from them, which not only causes climate change but also things like asthma and cancer. we also have to attack fossil fuel subsidies, in my view, subsidies for the fossil fuel industry now outweigh renewal subsidies by 75-1. we've got to level the playing field so clean energy has a chance to compete. in the meantime, we've also got to increase r&d for clean energy and preserve the limited subsidies that we do have such as the production tax credit for wind power. i also predict that 2013 will be the year when we begin to finally modernize our electric grid which is incredibly antiquated. we saw again in hurricane sandy that a few places in new york city like co-op city, were able to become islands of power and keep the
of you john. >> i like him. >>> happening now, pork promises and priorities. sandy victims finally getting their due today, and it cannot come soon enough. >> there's a good 40% of the exterior walls that are covered in mold. >> we don't have anyone to remove it and we don't have the finances to be able to. >> as washington doles out billions, we examine where the money is really going. new details about venezuela's president hugo chavez, reportedly battling a severe lung infection. some venezuelans are worried about his condition and it may be worse than officials are letting on. >>> plus a new year and a new gaffe from vice president joe biden. the latest and afternoon swearing in ceremony for new senators. we'll have the audio will you not believe. plus this. >> this sure is a crazy way to draw attention. >> who won't notice a hot model in body paint. >> she stands out like a not new.co. >> they get you noticed. >> super ads getting super racy. this year you'll see a twist. "newsroom" starts right now. >> good morning, i'm victor blackwell sitting in for carol costello. we begin
was the weapon used at sandy hook? >> i have already gone over it. >> we haven't talked about sandy hook. >> it's a 223 m4. they're using a low percentage. but you guys, people wouldn't go swimming because the movie "jaws" because great white sharks kill 5 people a year. you're trying to scare people. >> the same type of weapon was used in the last three mass shootings. >> and hitler used semiautomatics to kill people. why about fast and furious? why did our government send guns to mexico? why did they blow up -- >> alex, i get accused when i get you guys on of talking over you, of being rude. i'm trying to be civil. you have got to try and answer some of the questions, right? here is my issue for you. why do people need, civilians need an ar-15 type assault weapon? >> i said statistically, they're using in a low amount of crimes. that's an fbi act. >> but they have been used in the last three mass shootings. >> because they advertise in the media. everybody knows if someone jumps off the empire state building, they put security out there because there are copy cats. go commit suicide by killin
with our lives getting ready for a national collection and the holidays to follow. then sandy hit. sandy was the worst storm to strike new jersey in our history. 346,000 homes were damaged or destroyed. nearly 7 million people and over 1000 schools were without power. 116,000 new jerseyians displaced from their homes, 41,000 families are still displaced from their homes today. sandy have damage to our homes and infrastructure, but it did not destroy our spirit. the people of new jersey have come together as never before across party lines, across ideological lines, across ages and races and backgrounds. from all parts of our state, even from out-of-state. everyone has come together, so today, let me start this address with a set of thank yous for me on behalf of the people of this great state. first, i want to thank the brave first responders, the national guard, and emergency manager experts who prepared us for this storm and kept us say in its aftermath. [applause] i want to thank the members of this legislature for their cooperation in answering stand challenges and for being by my si
to see jobs in areas with better pay, manufacturing and construction because of hurricane sandy, construction jobs grew as well. >> wait a minute, the construction for hurricane sandy had already begun even though the aid package has to be voted on as we speak? >> we've been talking to people who had a little bit of savings and were able to get work started because they knew they wanted to secure work crews and they wanted to prevent mold, so, yeah, you had people starting to get that work done. >> it's that kind of effect took hold in december, that package of aid today, it's only $9 billion but ultimately it will end up being $60 billion that should have an effect on manufacturing as well. >> for construction, you would hope so. >> construction. >> you would hope it would offset the loss of small businesses that would have to close because of all the time, so it starts to -- it can be a push and pull in terms of the sandy effect for sure. >> and just because i made the nice mistake and said manufacturing, we showed some good pictures of manufacturing. >> manufacturing is inter
and heard gain sandy left destruction in their wake with devastating consequences on supply and the population with food, etc.. you can always count on close cooperation and support from the eu. we want to help your country we want to help your country become economically and politically stable, a country which can provide for itself, and which can make a contribution itself to reducing poverty. we have hopes for establishing a lasting democracy and stability in haiti. there are huge challenges you have to face, president martelly, and we are aware of the dramatic challenges that you face three years after the catastrophe struck 370,000 people in your country in need of decent housing because they have to live in very difficult conditions. this is of the utmost significance. the reconstruction process is something that has to be structured as effectively as possible. this needs to be combated. bolstering democracy and the rule of law. particularly within the judicial sector, and to add that the finances to be provided by the eu, what do we have -- what we have to assure is t
of the tropical tempests of isaac and sandy. once again, the cost has been counted in human lives, in harvests, it in people's houses, and in livestock, which have all suffered, and once again, the international community has been prompt in coming in and stepping up, helping, salvaging, in reconstructing. we must break through this vicious cycle. we must replace it with a virtuous circle. this is what we are endeavoring to do, and this is the effort which will put haiti back on its feet. haiti will find its feet again, because we have taken cognizance of the haitian territory, which is considerable, and it is not going to get better in the years ahead if the climate change continues to bear down on the caribbean islands. we will get back on our feet because in a stubborn way, we are working to a different drummer. we must go into preventive mode, and prevention means a bigger investment. regional planning, and planning means making the country or less vulnerable. it means protecting that whichever been affected by deforestation, in a way that lays the basis for further destruction. regional pl
left over from last session. first in the house, a bill to help victims of superstorm sandy. house speaker john boehner nixed the vote in the last hours of 2012, drawing a firestorm of criticism. it comes up in the house in two parts- the first tomorrow, and the other mid-january. >> the next act will begin a couple of months from now, probably in late february, early march, when we hit the debt ceiling and when the automatic spending cuts come into play again, and either have to be replaced with other spending cuts, or again, kicked down the road. >> reporter: these are the same issues that snarled congress in the summer of 2011, and again during the fiscal cliff debate. there's little hope for a better outcome this year. president obama has promised not to negotiate with the new congress on raising the debt ceiling, but republicans are ready to use it to force major federal spending reforms and tame the national debt. right now, the u.s. owes $16 trillion, but some calculate our total liabilities much higher. and as congress jumps from small deal to small deal as they have been,
since the sandy hook shooting less than a month ago. joining us now is kirsten powers from the daily beast and carol roth, radio show host. start with you, kirsten. i think that the president will use an executive order to ram through restrictions on assault weapons, high capacity magazines and universal background checks, i think he'll do it and win on this one. what say you? >> well, they certainly have talks about doing that, but remains to be seen. i'm the not going to be so certain that's what he's going to do. i do want to comment on those, the things that the n.r.a. has been saying. i'm not sure what they expect the vice-president to talk to them about. they're the n.r.a. so it seems like he would speak to them about guns. it doesn't mean that he's not looking at other aspects of this, as you mentioned's meeting with the video game industry and hollywood people and hopefully a mental health component to this, but for the n.r.a. to come out and say all he did was focus on guns. when you're meeting with the national rifle association what you're talking about is guns. stuart: th
had hurricane sandy in there. you had the seasonal adjustments that recently changed how they equate the unemployment rate, etcete etcetera. so i think overall that this number has a great potential to miss. we saw a nice report out of adp yesterday morning. it really didn't have as big of an effect as you might think because of the great rally the day before. so to your point, i actually think that there's a little bit of risk that if we miss on the downside, we can be bullish here. if we miss on the sps, many of the traders are looking at a s&p future, so many people think we have to go up and test 1474.51. that would by about a 150-point rally. but -- and if you look at the volatility and the vision being at a low level, tlt a lot of the market numbers are telling us that we should rally. but, again, this number is going to be a very interesting one to watch after last month's number was a bit on the dull side. the one thing i would say is it's nice to get back to watching normality in the market rather than watching d.c. all day. >> i think we're still there. and the deal that we
and spiritual visiting the town next to sandy hook. they wouldn't let her stop in sandy hook. she drove by. look at this, this looks like an angel. it's over sandy hook. uncanny. this replaced it a few moments after at dusk. a bright light that did not come off the wind shield we will post it on "the five." but it will give you chills. >> bob: that is terrific. i believe in angels. that is more proof. major league baseball hall of fame, only the second time in 42 years did not induct anybody in the hall of fame. once again, people like sammy sosa,
was hurricane sandy. hurricane sandy suspended 130 flights, that is a large percentage of flights canceled, that will figure into the season and secondly an area devastated, you will not see leisure travelers go to those areas and that is a problem. the last place they want to go to that place devastated by hurricane. sandra: you have a car rental company, avis in there. so many were without cars, do you think they still did not do well? >> a large portion of that has to do with their weakness in europe. the weakness they have no pricing power in europe is causing it. 1 cent below the consensus, they are actually paying two-thirds of the operating income in interest expansion. they have a large debt burden they are paying off right now. sandra: that is pretty big. ashley has to come in and we have to leave it there, but i'll add sports forecasting. who is going to win the game today? alabama or notre dame? >> alabama looks like the juggernaut. ashley: thank you very much. sandra: all right, the season comes to an end tonight with the bcs championship game but with the season be more exciti
and compared the devastation caused by superstorm sandy to that of hurricane katrina. while taking lawmakers to task for not approving sandy relief sooner, reid said katrina was nothing in comparison to sandy. in fact, katrina was responsible for more than 1,800 deaths. sandy claimed at least 113 lives. >> probably smart to give that apology for harry reid there. >> absolutely. >>> it is 5:19 in the morning. time for "early read," your local news making national headlines. to connecticut, the mayor of stratford wants a new school that's going to be built there to be named for victoria soto. you'll remember she was the first grade teacher at sandy hook elementary who tried desperately to shield her students from adam lanza's murderous rampage. soto was one of the six adults killed along with 20 children. she was 27 years old. she was a lifelong resident of stratford, connecticut. this was the woman who grew up wanting to be a teacher, and she achieved that goal and by all accounts she was a marvelous educator. >>> who can forget -- or you can forget about landing tickets to this year's inaugu
are hurricane sandy related. and maybe as you get some federal aid flowing in the northeast some of those jobs will continue again. when you look within the sectors, you can see basically steady for everybody except the african-american unemployment rate, ali, jumped up to 14%. it's been volatile. but you can see the structural disparities here between some of the different worker groups. quite frankly, the great recession just made that worse, quite frankly. this is over the past year. remember in the spring how worried we were about that weak jobs report indicating very, very difficult in the election season about who was going to reverse this? but look, now you're seeing this -- i would call this businesses carefully hiring, but, you know, they're waiting for something really to unlock the genie out of the bottle and haven't seen it yet. >> christine, let's join this conversation with diane swonk, chief economist at mesereau financial. you and i have talked about this. i've been saying the u.s. is poised for an economic renaissance with this energy boom and things going on in housing and ma
. >>> the house finally voted on the delayed hurricane sandy relief bill today. we have the results for you and some other news headlines just ahead. please stay with us. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. get started at legalzoom.com today. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is
important. we had to get through the hurricane sandy issue in terms of what impact that may have had. so people always make adjustments. it could be seasonal, seasonal employment numbers up or down, concerns about -- >> but will today's number be seen through the prism of the yesterday? >> i think not only through the prism of the comments of the fed coming through but against the backdrop of what we've been going through with the post presidential election, rejuvenated focus on what's going to have to happen. the concerns about the negative impacts of tightening of tax environment and spending cuts will be put against that context of what's going on in the growth environment. we've been acting as if growth has to follow behind what's been a very stimulus government both fiscally and mourn tearily and that any tightening is putting that at risk. i think any strength coming through in the unemployment numbers that we see today will perhaps take the edge off those concerns and it would be against that back drop i would emphasize it. >> it will be seen as the good news that it should be rae
. their old school remains closed. a gunman entered sandy hook elementary last month killing 20 of their school mates and six adults. the attack prompted president barack obama to push for tighter gun control. he suggests he wants to ban assault rifles and strengthen background checks. a recent poll suggests many americans still oppose a ban on the sale of assault rifles. the national rifle association carried weight across capitol hill and many republicans too are against further restrictions. >>> al jazeera has set its sights on one of the world's biggest tv markets, the united states. the satellite television network has acquired a cable channel founded by former u.s. vice president al gore. al jazeera is buying current tv. gore and a partner launched the network in 2005. it's available to about 60 million households. the government of qatar owns al jazeera. executives hope to double the number of their employees in the u.s. to more than 300. al thani believes al jazeera can make an important contribution to u.s. al jazeera launched its english news channel in 2006. it gained
but it was on expectations but one place was with hurricane sandy rebuilding. construction added 30,000 jobs last month. manufacturing up 25,000. may be replacing cars that were damaged. food services was up 30,000 items think that is related but the government was cutting down. the president's top economist said the resolution of the first part of the fiscal cliff battle should help job creation. >> the actions congress took is a step in that direction. we extended tax cuts that 98 percent of the families. they would see a $2,200 tax increase this week had congress not acted. that should provide some help for the economy. >> but washington needs to reduce spending and deficit and speaker been ears said the oversized and overspent federal government is a drag and has printed page burden to every american with a $50,000 share of its debt and rising. lori: the government dropped workers is that do criticism with largess didn't government? melissa: construction was interesting but we will talk about that later. melissa: the number and the jobs report nobody talks about 22 million unemployed or underemploy
of funding for flues insurance programs to help those affected by hurricane sandy. the house passed the measure today, and if the senate approves it, the bill goes to president obama for his signature. until the senate gavels in, here's a look at vice president joe biden who, yesterday, held a mock swearing in ceremony for a number of senators of the new 113th congress. [inaudible conversations] [inaudible conversations] >> please raise your right hand. do you solemnly swear to support and defend the constitution of the united states against all enemies foreign and domestic? that you bear true faith and do the same, take the obligation freely without any mental reservation or purpose of evasion, and that you will well and faithfully discharge the duties of the office about which you are about so help you god? >> i do. >> congratulations, senator. [inaudible conversations] >> you're gracious to let him go first. [inaudible conversations] >> pull that back a little. [inaudible conversations] >> raise your right hand? pull back so we can see the most important part of the team, okay? a
signed a $9.7 billion superstorm sandy aid package that money provides money to help the government pay flood insurance claims a week from now, congress will weigh in on an additional $51 billion in sandy aid. >>> a source confirms to cnn the white house is calling seine is doors' offices today to tell them that chuck hagel's nomination for defense secretary is imminent in an effort to help build support for that nomination. administration officials say that nomination will be announced tomorrow. the former senator from nebraska is a vietnam war hero and served on capitol hill for more than a decade but his confirmation process won't be smooth sailing. hageling anered some lawmakers for imposing sanctions on iran. >> chuck hagel, if confirmed to be secretary of defense, would be the most antagonistic secretary of defense towards the state of israel in our nation's history. not only has he said you should directly negotiate with iran, sanctions won't work, that israel must negotiate with hamas, an organization terrorist group that lobs thousands of rockets into israel, he also was one of
with the families of the school victims. 3 weeks ago today, adam lanza viciously opened fire inside sandy hook elementary cool, gunning down defenseless children and adults. nearly 2 years ago, representative giffords was shot in the head in a mass shooting in tucson, arizona. she has become a gun control advocate. straight ahead, 19,000 people missing in massachusetts. you heard right. who are all of these missing people? why are they costing taxpayers millions of dollars? that shocking story is next. foreign tourists flocking to maternity holeho teles in california. what are maternity hotels hoteld why are women staying there until they give birth? can a judge order women not to have more children? is that even legal? don't miss what our legal panel has to say. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i kn what i could save before i switched to progressive. the better i drive, the more i save. i wi our company had something
, with the unemployment rate at 7.8% below consensus. with warmer than normal temps and impact of sandy being felt, how good of a read is this? goldman sachs upgrades for citi, conviction buy list, stronger bakes have fewer levers to pull in this tough environment. retail movers, target, underarmour, and we'll get cramer's take in just a few moments. a weaker than expected jobs report with december nonfarm payrolls coming in below stilts of 155,000. kelly evans is live at headquarters with a wrap-up of the details. >> a few people getting a sense of what we saw. i think one of the points here is job growth is becoming a little more consistent. we saw payrolls grow about 155,000 in december. in fact, that's almost bang on the average on the whole year. despite some of the choppiness early in the discovery, they're gaining traction now. a concern remains about 2013 in particular, what could happen when payroll taxes do increase on that point. it was encouraging to see for the second straight month a growth in average hourly earnings as well. >> kelly, thank you. is that good enough to say that the averag
in the fiscal cliff deal. >>> superstorm sandy will likely cost the insurance industry at least $20 billion according to a new report from fitch ratings. fitch says the complexity assessing insurance losses from such a large and intense storm over a widespread region created uncertainty in estimating ultimate insured losses from superstorm sandy. that's the latest from the fox business network, giving you the power to prosper liz: welcome back, everybody, live in las vegas on the floor of the consumer electronics show. we moved to a panel here. good friend of this broadcast is rob enderle. they're talking about evolution whether the pc survives. yes, according to rob. what about panasonic, everybody is talking about rumors that they would be getting out of the television business. get it straight from the horse's mouth. joe taylor is the head of panasonic america, north america. great to see you thank you. >> happy new year. liz: you guys getting out of the television business? >> i heard that 20 times in the last couple of months. i think it was mark train. the rumors of our demise are gre
is live in new york where one long island town agreed to take on the a major part of the hurricane sandy cleanup. rick? >> reporter: if you're wondering what happened to all those cars damaged by hurricane sandy. we have the answer for you out here on the east end of long island. tens of thousands of vehicles. why they're here and where they're headed coming up next jon: right now, prosecutors resting their case against the 12-year-old california boy charged with killing his neo-nazi father. rick folbaum is following this story from our new york newsroom. rick? >> a couple of interesting things in this case, jon. this is a case that may wrap up very quickly. first of all the defense team has withdrawn its plea of insanity in this case. they originally put in a plea that this young boy, joseph hall, did not know what he was doing at the time that he shot his father in the head about two years ago. they have now withdrawn that and they're saying instead that they have would like the judge in this case to throw it out because in their mind the prosecution has not adequately proved its case.
earnings. superstorm sandy is expected to top the excuses. >>> and there may not be a lot of love to go around in washington around valentine's day this year. if lawmakers fail to come together on debt talks. according to fresh numbers, the u.s. could hit the debt ceiling by early as mid february. john harwood explains all the details, a couple of reasons to go and visit that website this morning. cnbc.com. >>> still to come, why property is up at samsung electronics, but the share price is down. see you in a moment. >>> welcome back. alcoa gets the earnings reports started today. slower growth in the economy, the eu debt crisis and superstorm sandy are expected to top issues. take a look at shares this morning. before the report, they're down .75% in frankfurt. so trailing the 34k9. they have been roughly flat over the last few months. james is a huge fan of werings season. you're so excited about this one, i know. >> i live for the wering hes season. you could spend almost your entire time -- >> there's only about three months of the year when you're not engaged in looking at earnings
aid for hurricane sandy relief. what did christie focus on the most in this address? >> in his address yesterday, he talked about the storm that reshaped the jersey shoreline and underscored the delayed response in federal funding when compared to other disasters. >> we as a state have waited 72 days, seven times longer than the victims of hurricane katrina waited. and one thing i hope everyone in america now clearly understands, new jersey, both republicans and democrats, will never stand silent when our citizens are being short-changed. we have stood with the citizens of florida and alabama, mississippi and louisiana, iowa and vermont, california and missouri, in their times of need. now i trust they will stand with us. >> he also said washington could learn a thing or two from new jersey about the art of compromise. >> now, we've had our fights. and we have stuck to our principles. but we have established a governing model for america that shows that even with heartfelt beliefs, bipartisan compromise is possible. achievement is the result. and progress for our people is the payoff.
for me. i've got the hurricane sandy and analysts didn't have their act together. i think this year we see 8%, 10% earnings growth, even with the fiscal drag which i think is blown way out of proportion. >> because s&p capital is looking for 3% growth in the fourth quarter so you're talking about the year. scott? >> no, i'm talking about 2013. >> right. >> i totally agree with those estimates. we're going to get killed fourth quarter, but it's in the past. forget it. let's move forward. >> hey, rick, i'm going ask you a loaded question but i want your expertise on it. is there a bubble in the bond market? >> no, no. prices are lofty, but to me a bubble implies a very close to popping scenario. you talk about bubbles. when you think it's about ready to burst. it's frothy, but it's photoactualphotfrothy in actually a sean way and take the discussion we're having right now. the ecb tries to talk recovery, and things because the daxx and kaks are up, everything rowsy in europe. look at the unemployment rates. once again, the same scenario in u.s. if all you use is a barometer against econo
that have nothing to do with helping the people affected by sandy. that would be the responsible thing to do and responsible advocacy to pass it and not worry about all wasteful spending, but put the chirp in more debt. put our country on a more unsustainable footing so we get ours now is the problem that we have been through for really generations. we can't continue to do this. i think that was an opportunity missed by the governor. he needs to advocate for his state, no question. we need to help those affected by sandy, but we don't need to hurt everybody else in the process. >> host: the club for growth look at governor's races when you put money and resources behind a certain candidate? >> we do not, just federal races for house and senate. >> host: governor christie in the state of the state address said washington has to look at us and how we do things around here. what do you think of him as a governor? >> guest: there are many reform governors in the country that we should look to as examples of reform that we need to adopt as a country. in some cases, governor christie has done a ve
expected to be very low. >> reporter: specifically, businesses felt after effects from hurricane sandy, and they were unwilling to spend with all the fiscal cliff uncertainty. on top of that, demand from europe as well as china was weak. but, here's the good news. a low earnings hurdle ultimately makes it's easier for companies to impress investors. and, s&p's sam stovall says they could get a little help from lower expenses. >> the things that might end up acting as tailwinds i think could be a near 8% decline in the cost of oil and also the reduction in the commodity costs. >> reporter: digging into the q4 numbers, six out of 10 sectors are expected to post a gain in profits, with financials and consumer discretionary stocks topping the list. on the other hand, the industrials sector has the weakest anticipated growth. still, anticipation of an anemic earnings season has yet to trouble the stock market. don't forget the s&p 500 hit a five-year high on friday. >> i think all of this has to do with anticipation. that things are expected to get better. that there is a muted v-shaped rec
. the housemates attend eastern to consider a bill regarding hurricane sandy really funding. you can see that live on c-span at 10 eastern. at 1 p.m. eastern, senators will join house members for joint meeting of congress. >> maggie hassan was sworn in thursday as governor of new hampshire. the ceremony was a half hour. [applause] thank you. madam speaker, mr. president, madam chief justice, honorable members of the house and the senate and the executive council, former governor, u.s. senator, my fellow citizens, thank you for the trust you have placed in me. it tumbles me, and it will sustain me as i work to lead our remarkable state. [applause] today, as i was sworn in as your governor, i pledged to follow the constitutions of new hampshire and the united states. now i will make one more promise. i will work as hard as i can to honor your trust. i will strive to do so in the tradition that has guided us throughout our history, the tradition of openness, bipartisanship, and collective problem-solving. [applause] no one has exemplified that tradition more than the person i am succeeding. [applause
address. he is expected to address federal funding from hurricane sandy will leave. lawmakers are expected to take up an additional $50 billion in the coming weeks. that is scheduled to begin at 2:00 p.m. eastern. buying distressed homeowners with underwater mortgages. >> i enjoy the capitol hill coverage because i started there many decades ago, your coverage live of the house and senate and also the certain committee hearings. i think they are very informative to the public to get to see what really happens in congress. i like the way c-span covers the fact that it just presents itself what is really happening with a little bit of commentary maybe, but not really edited out. it is just what they want to present to the american people. >> bill watches c-span on comcast. c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. >> supporters of the occupy movement, it began as a protest against social and inequality, this 90-minute event was strongly hosted by the massachusetts institute of technology and the boston review. >> tha
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